HCM City leader receives Singaporean, Australian investors
HCM City has numerous projects open for foreign investment, Secretary of the municipal Party Committee Nguyen Thien Nhan said at a reception for investors from Singapore and Australia on March 6.
HCM City (VNA) – Ho Chi Minh City has numerousprojects open for foreign investment, Secretary of the municipal PartyCommittee Nguyen Thien Nhan said at a reception for investors from Singaporeand Australia who came to explore investment opportunities in the city on March6.
They include six resettlement projects, upgrades to 50 oldapartment buildings and construction in Thu Thiem urban area.
The city plans to build an innovative urban area covering Districts2, 9 and Thu Duc, including Thu Thiem urban area.
Nhan urged sectors and localities to continue creatingfavourable condition for investors to explore cooperation.
On behalf of the delegation, Neil Wilson, Chairman of theAustralian Sakkara Group, said they have invested in numerous projects in thecity.
They are interested in the city’s infrastructure projects,such as upgrades to canals, old buildings, Thu Thiem urban area and the equitisationof State-owed enterprises, with a total investment likely to reach 1.5 billionUSD.
The southern economic hub witnessed significantsocio-economic-cultural accomplishments in 2017. The city recorded an 8.25percent increase in gross regional domestic product, higher than the 8.05 percentgrowth the previous year.
Domesticinvestment exceeded 899 trillion VND (39.5 billion USD), three fold higher than2017, while foreign investment hit 6.38 billion USD, double the figure of theprevious year.
The city provide more than 347.9 trillion VND (15.3 billion USD) for the Statebudget, representing a year-on-year rise of 12.94 percent.-VNA
Ho Chi Minh City highly values the role played by advanced technologies of foreign countries, including Japan, in the city’s development, said Le Thanh Liem, Vice Chairman of the municipal People’s Committee.
Employees in Ho Chi Minh City earn the highest average monthly salary in the country, according to the latest report of the leading recruitment website VietnamWorks.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
A view of Ho Chi Minh City (Source: VNA) 
